EAST LANSING, Mich.–Michigan State University FCU has announced plans to launch a new standalone digital brand called “AlumniFI.”
The $6.7-billion credit union has selected Nymbus to provide the technology for the new offering.
“MSUFCU established our own ‘Lab’ two years ago to drive innovation forward internally and explore new opportunities for growth. One of our long-time goals with this has been to stand up a subsidiary digital brand targeting MSU alumni, whose financial needs and habits match our digital offerings,” said MSUFCU President and CEO April Clobes. “We have spoken and collaborated with hundreds of innovative fintechs and startups through our CUSO, the Reseda Group. The Nymbus approach was unlike any other we have seen. We’re thrilled to have them bring our concept to life with the combined skilled services and transformational technology only Nymbus provides for launching a new digital brand quickly and effectively.”
In a statement announcing the new sub-brand, Nymbus said it integrates everything needed to build out and operate a full-scale digital bank using Banking-as-a-Service (BaaS) model.
MSUFCU has nearly 325,000 members. According to Michigan State University, it has more than 630,000 living alumni.
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